What Mortgage? HSBC and NatWest cut mortgage rates: Are prices falling?
Tags: Press Commentary
NatWest has just announced it will be cutting some of its fixed-rate deals tomorrow meaning its range will include two-year deal at around 5.05% and a five-year fix at just below 5%. This will provide another much-needed option in the sub-5% mortgage market. Meanwhile, brokers are expecting HSBC’s cuts, which become effective tomorrow, to include some new rates below 5%.
Aaron Strutt, product and communications director at Trinity Financial, said: “These changes will come as welcome news to those searching for best buy deals but unfortunately these fixes are still much higher than many borrowers want to pay for a mortgage.”
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